About 66590 Joseph Way
This is a very nice triplex, inside and out! Freshly painted stucco building with tile roof. Newer special engineered wood flooring. AND ALL UNITS HAVE THEIR OWN SEPARATE WATER METER!! SO YOU CAN MAKE EACH TENANT PAY THEIR OWN WATER BILL!!!! All units are 2 bedrooms 1 baths. Kitchens have been upgraded including newer counter tops, cabinets and appliances. Ceiling fans throughout. Each unit has it's own private fenced yard area! One car garage for each unit. Central heating and air. All units separately metered with gas and electric that tenants sign up and pay for. Washer and dryer hookups in each unit. One block and walking distance to shopping. Walk in closets for each unit!!! This complex really performs! Please see directly below! At ACTUAL RENTS, we're putting out $60,480 annual gross income, an impressive 10.75 Gross Rent Multiplier, a much better than market 7.62% Cap Rate, and a robust 11.21% Cash on Cash Return!! At MARKET RENTS, we're putting out, $75,600 Annual Gross Income, an eye opening 8.60 Gross Rent Multiplier, a seldom seen near double digit 9.94% Cap Rate, and an incredible 19.37% Cash on Cash return. Please see MARKETING PACKAGE in SUPPLEMENTS for details including rent roll, income, and expenses. Finally, we have two other triplexes like this that can be bought.
